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As the amount of loan (liquidity) in banks and financial institutions increased, the National Bank is going to withdraw 35 billion rupees again today on Wednesday.
According to the fact that there is more money (liquidity) in the market than needed, the National Bank is going to withdraw the mentioned amount today to reduce it.
Rastra Bank has said that it is going to withdraw the amount for 20 days through the deposit collection tool for excess liquidity management. For this, it is mentioned in the notification that the National Bank has invited the banks and financial institutions to participate online till 3 pm today.
It is mentioned in the notice that banks and financial institutions who want to deposit money in Rashtra Bank through the deposit collection device, can be divided by a minimum of 100 million and a maximum of 5 million rupees, so that the balance goes away. Only 'A', 'B' and 'C' category banks and financial institutions are allowed to participate in deposit collection instruments. The deposit collection equipment purchased in this way can be used as collateral in other banks and financial institutions.
The Rastra Bank has stated that the negotiation of deposit collection will be done on the interest rate, while the multi-interest rate can also be negotiated on multiple interest rates.
For about a year and a half, the National Bank has been regularly withdrawing money from the market twice a week on Sunday and Wednesday through deposit collection equipment. At the same time, the money is going to be withdrawn today.
